HomeMy WebLinkAbout34-92 111
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RESOLUTION NO: 34-92
A RESOLUTION OF INTENT WITH REGARD TO
THE TOWN OF LOS ALTOS HILLS
FUNDS AND THE SURFACE TRANSPORTATION PROGRAM FOR
THE EL MONTE AVENUE/STONEBROOK DRIVE
INTERSECTION SIGNAL PROJECT
WHEREAS, the Town of Los Altos Hills has applied and been
recommended for $16, 000 in Surface Transportation Program ("STP")
funding for the El Monte/Stonebrook Drive intersection signal
project involving the replacement and upgrading of the existing
traffic signal controller to a current model in the 1993
Transportation Improvement Program ("TIP") adopted by the
Metropolitan Transportation Commission and approved by the
Federal Highway Administration; and
WHEREAS, a prerequisite for inclusion in the 1993 TIP is the
adoption of a local resolution saying that the project will be
built as described above; that $4,000 (20%) of total project
costs, in local matching funds will be provided by the Town; and
that the Town understands that the STP funding is fixed at
$16, 000, and therefore any cost increases can not be expected to
be funded with STP funds.
NOW, THEREFORE, the City Council of the Town of Los Altos
Hills does RESOLVE as follows:
Section 1. The project will be built as described above;
Section 2 . $4,000 (20%) of total project costs in local matching
funds will be provided by the Town; and
Section 3. the Town understands that the STP funding is
fixed at $16, 000, and therefore any cost increases can not
be expected to be funded with STP funds.
PASSED AND ADOPTED this 2nd day of September
1992.
_ �
Mayor Zr\
ATTEST:
City Cl I
PB\MAS\149490EY.W50